SegWit2x vs UASF

Bloomberg has a good piece on the struggle between the Bitcoin core developers and the leading miners on how to best scale Bitcoin.

I am for the SegWit2x proposal and hope that we see it broadly adopted later this month.

There is a chance that doesn’t happen and a user activated soft fork (UASF) could be used to force SegWit into the market.

I personally hope that a user activated soft fork doesn’t happen as it would create a lot of turbulence. The Ethereum fork last year (almost exactly a year ago) that created Ethereum Classic is a good case study to look at if you want to see how that might play out.

Ultimately I do believe the best ideas will win out and that Bitcoin can survive any of these scenarios. But it would be good to see the Bitcoin community agree on something and implement it. That would build confidence that the governance model, which has been a bit shaky, is maturing.